Identiv Q2 record revenue $29.6M (+6% YoY); net loss narrows to $1.1M; FY guidance unchanged

Identiv, Inc.

2023-Q2 EPS reported -$0.20 revenue$55,552,000

Q2 revenue $29.6M (record), up 6% YoY; Identity $17.7M, Premises $11.9M.
GAAP net loss $1.1M ($0.06/sh); non-GAAP adjusted EBITDA $0.7M.
GAAP gross margin 36.7%; non-GAAP gross margin 38.2%.
Thailand RFID facility producing 5M units/month; on track for 200M annual run-rate by year-end.
FY2023 revenue guidance reaffirmed: $125M-$130M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Identiv, Inc. reported second quarter ended June 30, 2023 results: revenue $29.6 million, net income ($0.06) per basic and diluted share, EPS ($0.06) per basic and diluted share. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $29.6 million
Net income: ($0.06) per basic and diluted share
EPS: ($0.06) per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today reported its financial results for the second quarter ended June 30, 2023. Recent Financial and Operational Highlights • Second quarter revenue grew 6% year-over-year to $29.6 million, a fiscal second quarter record. • Premises revenue grew 8% year-over-year to $11.9 million; Identity revenue grew 5% year-over-year to $17.7 million. • Q2 2023 GAAP gross margin

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Source: SEC EDGAR

accession 0001193125-23-202891

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